Good deal or bad deal? Low equity

3 Replies

Ok the property is worth $150,000 the owner owes 109,000 the property can rent @ $1500 and the mortgage is at $800 . Would you say deal or no deal ? And how so? Seller wants to profit $10,000 any suggestions ? 

A quick idea to me would be a 3-yr lease option at $119k with  $2,000 option consideration.  She'll get the other $8k when the tenant buyer finances it out.  Your choice to sandwich or assign. Nice find @Kenneth Scott !